Limit. 3 times of gross salary subject to a maximum UGX 5,000,000.

Tenor. Max 12 Months.

Repayment. Monthly installments.

Processing fee. 1% of the loan amount.

Security. Undertaking from Employer to remit the instalment or Two Guarantors, one preferably a co-employee of substantial means.

Documents Required:

• National ID/ Passport.
• Work permit in case of foreigner.
• 2 Recent Passport size photographs.
• Bank statement of last six months.
• Proof of employment.
• Promissory Note.
• Loan Agreement.
• Letter of Guarantee.

Processing fee.
1% of the loan amount.

Delayed penalty.
1% per month or its part of the amount in default.

Insurance.
2% of the loan amount.

Administrative charges.
1% of the loan amount.